Mortgage Loans for Home Refinancing


Refinance your mortgage loan with Space Coast Credit Union and you could save thousands of dollars in interest!  Lowering your interest rate would enable you to enjoy more affordable monthly payments or even pay off your mortgage sooner if that is your goal.  Our mortgage experts can help you find a refinance loan that fits your needs.

Mortgage Refinancing: Types of Mortgage Loans


Product Name Benefits Features Recommended For
Conventional Fixed Rate Mortgage
  • 4.15/5
Refinance with this "traditional" type of loan that maintains its original interest rate throughout the entire life of the mortgage loan.

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You want to refinance to a loan that won’t fluctuate with market rates. APPLY NOW
Adjustable Rate Mortgage
  • 4.24/5
An adjustable rate home loan provides an initial fixed rate that adjusts after a stated time period with lower initial monthly payments. 

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You prefer to refinance to a loan with payment stability and lower monthly expense. APPLY NOW
FHA Mortgage Loan
  • 2.75/5
Mortgage home loan refinance backed by mortgage insurance from the Federal Housing Administration, and provided by FHA-approved lenders like SCCU.  

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You want to refinance your existing loan to lower your premiums. APPLY NOW
Jumbo Loan A higher mortgage refinancing option for loans larger than the conventional limit of $417,000.

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  • Fixed and adjustable rate mortgage options available
  • Variety of terms available
  • Mortgage Rates
Your mortgage loan refinancing needs are greater than conventional loan limits. APPLY NOW

All SCCU Mortgage Loans Feature




Mortgages: Mortgage loans are originated by Space Coast Credit Union, and are subject to credit approval, verification and collateral evaluation. Programs, offers, rates, terms, and conditions are subject to change or cancellation without notice. Certain restrictions apply. These mortgage loan programs constitute first mortgage liens secured by the home and property. The down payment is determined by the Loan to Value ratio. (90% LTV = 10% down payment) Loans exceeding 80% of the appraised value of the home require private mortgage insurance. Member responsible for any funds needed for closing costs and pre-paid escrow. Loan to value limits and private mortgage insurance requirements do not apply to HARP loans.

1Mortgage Interest Rate Guarantee: If the comparable SCCU interest rate is
lower than your original interest rate five (5) business days before the closing and the interest
rate lock-in has not expired, SCCU will reduce the interest rate on your loan 5 business
days prior to closing. This is limited to a reduction of .25 percent. A one-time fee of $75
will be assessed at time of closing if this Price Guarantee is exercised and your rate
is reduced. Other conditions may apply, contact SCCU for details.

2Mortgage Down Payment: Conditions apply. Program applies to primary residence, single family detached homes in good condition and condos meeting program conditions. 5% down payment must come from member's own funds. Contact SCCU for complete details.
  • SCCU Routing Number: 263177903
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Space Coast Credit Union membership is open to all who work or live in Brevard, Broward, Flagler, Indian River, Martin, Miami-Dade, Monroe, Orange, Osceola, Palm Beach, Seminole, St. Johns, St. Lucie, or Volusia Counties in Florida.

  • Brevard: 321-752-2222
  • Broward: 954-704-5000
  • Miami-Dade: 305-882-5000
  • All Other Areas: 800-447-7228

*APR = Annual Percentage Rate. ^APY = Annual Percentage Yield.

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Member Rewards

Member Rewards is an exclusive Space Coast Credit Union program that provides benefits such as free or discounted services based on your level of participation in the credit union.

  • Gold members may order one FREE box of SCCU logo checks per year.
  • Platinum members may order unlimited FREE boxes of SCCU Exclusive Style checks (one box at a time).
Learn more about the Member Rewards program.